Rising disposable income and growing consumer awareness are some of the factors that are driving the India dehumidifiers market through 2027F.
According to TechSci Research report, “India Dehumidifier Market – By Region, Competition Forecast & Opportunity, 2027F”, the India dehumidifier market was valued at USD132.05 million in 2021 and is anticipated to grow at a CAGR of 5.90% in the forecast period to reach USD182.18 million by 2027. The high demand from the commercial industry and increasing health consciousness among the consumers drive the demand for India dehumidifier market.
Dehumidifiers are actively installed in commercial buildings like malls and restaurants to enhance the experience and provide a comfortable environment for the consumers. Hospitals, electronics and semiconductors, the food & beverage industry, and other commercial sectors widely employ dehumidifiers for humidity control. Such as, in the food & beverage industry, there is a need to control the moisture to keep the processed food and snacks crisp and fresh, thereby creating the demand for dehumidifiers.
The rapidly growing middle-class population in India tier II and tier III cities accelerate the demand for health wellness products. The working population is prone to get affected by the alarming pollution levels and, therefore, invest in purchasing dehumidifiers to breathe clean air. The rise in awareness about the benefits of installing dehumidifiers among consumers and the availability of dehumidifiers on online and offline platforms is anticipated to bolster the India dehumidifier market growth in the next five years.
Also, the market players are increasing investments in research and development activities to upgrade the existing infrastructure and launch advanced novel dehumidifier models into the market. Expansion of the product portfolio and the presence of attractive features in dehumidifiers are expected to fuel the market demand over the next five years.
Introduction of dehumidifiers working on desiccant technology is small and portable are projected to witness high demand among the consumers. Functions like auto defrost and auto shut-off in dehumidifiers are expected to garner customer attraction and improve the sales of dehumidifiers.
However, most dehumidifiers are made for residential and commercial factors and have limitations for the residential sector, which may restrain the India dehumidifier market growth in the forecast period.
Browse over 18 market data Figures spread through 66 Pages and an in-depth TOC on “India Dehumidifier Market“
The India dehumidifier market is segmented into type, coverage area, regional distribution, and competitive landscape.
Based on type, the market is bifurcated into desiccant and refrigerant. The desiccant segment led the market in 2021 and accounted for 60.14% of the overall market share. The segment is expected to hold the largest market share over the next five years. Desiccant dehumidifiers offer several advantages: less noise, being light in weight, improved life span, and being environment friendly. It contains hydrophilic substances like silica gel that absorb water molecules from the air and reduce humidity. End-use industries such as pharmaceuticals, food & beverage, and construction industry are actively adopting the dehumidifier working on desiccant technology.
Based on regional analysis, the Southern region dominated the market in 2021 with a market share of 34.37%. The rapid expansion of the commercial sector in the Southern region, including the food & beverage, hospital, missile storage industry, is the major driver for the India dehumidifier market. The presence of cities like Bangalore, Hyderabad, and Chennai in the southern region, also major IT, and healthcare sectors, has a high demand for the dehumidifier.
Major market players operating in the India dehumidifier market are:
· Bry-Air (Asia) Pvt. Ltd.
· Swastik Refrigeration
· Amfah India Trading Pvt. Ltd.
· Honeywell India Private Limited
· Ahata Industries
· Dewdry Engineers Pvt Ltd
· Drytech Industries
· Powerpye Electronics
· Condair Group AG
· Drycool Systems India (Pvt.) Ltd
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“The growing internet penetration and proliferation of smart devices boost the popularity of the e-commerce industry across the country. Consumers prefer to buy through online channels due to higher convenience and comfort owing to the availability of facilities like quick doorstep delivery, easy exchange options, and flexibility in payment options. Dehumidifier market players are expected to adopt online sales channels to reach remote country locations and use attractive marketing strategies to raise awareness about the benefits of using dehumidifiers among consumers. An increase in sales through online platforms and rise in the market players offering innovative products are expected to propel the India dehumidifier market till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“India Dehumidifier Market By Type (Desiccant, Refrigerant), By Coverage Area (Less Than 1000 sq. ft, 1000-2000 sq. ft, More Than 2000 sq. ft), By Region, Competition Forecast & Opportunity, 2027F”, has evaluated the future growth potential of India dehumidifier market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India dehumidifier market.
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